Fazio, Giorgio (contributor); McAdam, Peter (contributor); … - 2007
Disaggregate Real Exchange Rate Behaviour.
Giorgio Fazio
Università di Palermo
Peter McAdam
European …. If the latter were a
consequence of liquidity effects in the presence of sticky prices, the real exchange rate
would be … costs and their
ability to impart non-linear adjustment into the real exchange rate; once such non-
linearities are …